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$515,000

NAL Estimated Property Value

1505 Park Meadow Dr, Midlothian, TX, 76065

Off MarketInfo
Beds4 Beds
Baths3 Bath
Baths2,759 Sq Ft
Single Family ResidenceSingle Family Residence
price_per_sqft$188.47 / sqft
Year BuiltBuilt in 2017

Property Lead Type:

Off-Market ListAbsentee OwnerHigh Equity

Highlights

Interior

Bedrooms 4Bedrooms 4
Bathrooms Full 2Bathrooms Full 2
Garage AvailableGarage Available
Heating CentralHeating Central
CoolingCooling
AppliancesDishwasher, Disposal, Electric Cooktop, Electric Oven, Electric Water Heater, Microwave, Refrigerator
FlooringCarpet, Wood

Exterior

Private PoolPrivate Pool
Exterior FeaturesAwning(s), Private Yard
Lot Size8,146 sqft

Building Information

Year Built2017
Stories2
Roof Type105
Garage Spaces2

Land Information

APN54.7370.003.019.00.108
Lot Number19
SubdivisionParkside Estates
Land UseResidential
Legal DescriptionLOT 19 BLK 3 PARKSIDE ESTATES 0.187 AC
Census Tract060702
Assessed Land Value$100,000
Assessed Improvement Value$359,638
Assessment Year2025

About this property

Beautiful 3-BEDROOM, 3-BATH home in the highly desirable PARKSIDE ESTATES. This thoughtfully designed FLOOR PLAN offers both functionality and style, featuring a DESIGNATED DINING AREA, DEDICATED OFFICE, and an UPSTAIRS MEDIA OR FLEX ROOM to fit your needs. The heart of the home is the OPEN-CONCEPT KITCHEN AND LIVING AREA, designed for both everyday living and effortless entertaining. The spacious kitchen offers ABUNDANT CABINET STORAGE, GENEROUS COUNTER SPACE, and a LARGE PANTRY to keep everything organized with ease. It flows seamlessly into the living area, creating a bright and inviting space ideal for gathering with family or guests. A cozy BREAKFAST NOOK provides the perfect spot for casual dining, morning coffee, or enjoying views of the backyard. Step outside to a true BACKYARD OASIS built for both entertaining and everyday enjoyment. The expansive outdoor space showcases a GORGEOUS POOL that serves as the centerpiece, complemented by MULTIPLE SEATING AREAS that create a RESORT-STYLE ATMOSPHERE right at home. With TWO SEPARATE SITTING AREAS, there’s ample space for OUTDOOR DINING, relaxing in the shade, or hosting unforgettable BBQs and gatherings with family and friends. The layout offers both openness for entertaining and pockets of privacy for quiet evenings, making it as functional as it is inviting. Whether you're cooling off in the pool, enjoying a weekend cookout, or simply unwinding at the end of the day, this backyard is designed to elevate your lifestyle.

Investor Tools

Property Icon
$515,000
Estimated Property Value
$237,753Estimated Mortgage Balance
$277,724Estimated Equity
54% equity
Estimated Cap Rate
View Rate
Estimated ARV (After-Repair Value)
Calculate ARV
Rent-to-Value Ratio: 0.72%
Rent Estimate
$3,120 /month
Positive
Cash Flow Estimate:
$1,040 /month

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Financing Details

Estimated Taxes & Insurance
HOA Fees
Interest Rate Assumption
$779/month
$275/month
5.947%

Tax Information

Annual Taxes
Assessed Value
Assessment Year
Assessed Land
Assessed Improvement
Market Value
Tax Delinquent
$6,773
$459,638
2025
$100,000
$359,638
$459,638
No

Tax History

Year
Tax Paid
Assessed Value
2024
$6,773
$459,638

Mortgage Details

Lender
Loan Type
Loan Amount
Assumable
Position
Origination Date
Maturity Date
Mid America Mortgage Southwest Inc
Conventional
$265,993
No
First
Jan 27, 2021
Mar 2051

Equity Summary

Est. Mortgage Balance
Est. Equity
Equity %
LTV
Est. Monthly Payment
$237,753
$282,247
54%
46%
$1,595/mo

Rental Potential

Est. Monthly Rent
Est. Monthly Expenses
Est. Cash Flow
Gross Yield
$2,020/mo
$1,870/mo
+$150/mo
4.7%

City: Midlothian

1505 Park Meadow Dr | Property Details | No Agent List